Retirement Savings Plan the School District’s 401(a) Tax Deferred Program Sample Clauses

Retirement Savings Plan the School District’s 401(a) Tax Deferred Program. The School District’s 401(a) Tax Deferred Program. Teachers shall have the opportunity to participate with any approved vendor in the School District’s 401(a) Tax Deferred Program. Vendors become approved vendors by complying with the School District’s 401(a) Plan requirements and being mutually approved by the LEA and the School District. These programs, though provided to teachers, are not endorsed by either the Association or the Board. Teachers who make employee elective contributions to any district approved tax deferred company are eligible to participate in the Tax Deferred Annuity Match Savings Plan. The Board contribution will be made to a district approved vendor. The Board of Education will contribute an amount equal to two and a half percent (2.5%) match to the teacher’s account in the 401(a) plan for the -2019-2020 school year and thereafter. The Board of Education will contribute an additional .25% match to the teacher’s account in the 401(a) plan contingent upon the February 2020 ADM student count of 50 or more new students greater than the September 2019 ADM. The additional .25% match shall be retroactive to January 1, 2020. Teachers who choose not to participate in this program will not be able to claim the Board’s contribution to this plan in some other form of compensation or benefits. Teachers whose employment first commences after the 2000-2001 school year will have a one (1) year period before they are vested in the Matching Annuity Plan for any of the Board’s contribution.
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Related to Retirement Savings Plan the School District’s 401(a) Tax Deferred Program

  • REGISTERED RETIREMENT SAVINGS PLAN 1. In this Article:

  • Oregon Public Service Retirement Plan Pension Program Members For purposes of this Section 2, “employee” means an employee who is employed by the State on or after August 29, 2003 and who is not eligible to receive benefits under ORS Chapter 238 for service with the State pursuant to Section 2 of Chapter 733, Oregon Laws 2003.

  • Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

  • Deferred Compensation Program ‌ Unit members shall continue to be eligible to join the County’s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.

  • Group Registered Retirement Savings Plan 9.9.1 The College agrees to implement a group Registered Retirement Savings Plan for participation by employees. For regular employees who wish to participate in the Plan, the College agrees to contribute the total amount of the annual contribution by the fifteenth of the first month of the Benefit Year. The employee shall repay that contribution through payroll deduction in equal instalments throughout the Benefit Year.

  • Beneficiary Rollovers from Employer-Sponsored Retirement Plans If you are a spouse Beneficiary, nonspouse Beneficiary, or the trustee of an eligible type of trust named as Beneficiary of a deceased employer plan participant, you may directly roll over inherited assets from a qualified retirement plan, 403(a) annuity, 403(b) tax-sheltered annuity, or 457(b) governmental deferred compensation plan to an inherited IRA. The IRA must be maintained as an inherited IRA, subject to the beneficiary distribution requirements.

  • Tax Deferred Annuities The Board of Directors for the District shall provide and pay for such tax deferred annuities pursuant to RCW 28A.400.250 as the union shall request and the Board of Directors shall authorize. Payment for said annuities shall be at the option of the employee and deducted from the monthly salary as authorized by the individual employee.

  • Retirement Savings 5.6.1 Principals are eligible to join a KiwiSaver scheme in accordance with the terms of those schemes.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Retirement Plan The 2.7% at 55 retirement plan will be available to eligible bargaining unit members covered by this Section 6.1.1.

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